#TradeTalks, US: Is 2018 the Year of Blockchain at Scale? Cognizant’s Assistant Vice President, Blockchain and Distributed Ledger Consulting Practice Discusses the Challenges for Scalable Blockchain

“Function follows form. Function doesn’t follow marketing hype,” says Lata Varghese. “Enterprises have to decide what the problem is and work backwards to find the right blockchain technology.”  Excerpts:

Availability, security, and data purging strategies are among the many features of blockchain that are important to enterprise clients. It’s not a matter of changing current network technology. Rather, infrastructure needs to be redesigned to make the move to centralized blockchain. In some places, this is now happening on a small scale, but to expand enterprise-wide, there is a lot of work to do. That’s where Cognizant comes in.

“Permission blockchain is how many enterprises will get started. They have to learn and get comfortable with the technology,” says Lata. Over the long term, open networks are possible, and the various blockchains may ultimately converge. However, right now, there’s a lot of work that needs to happen to get to a production scale.”

To see the full #TradeTalks interview, click here.